Genel Energy plc (‘Genel’ or ‘the Company’) announced the signing of a contract with Parker Drilling for the drilling of the QD-2 well on the Qara Dagh field (Genel 40% working interest, operator), in the Kurdistan Region of Iraq.
The QD-2 well will test the structural crest 10 km to the north-west of the QD-1 well, which tested sweet, light oil from Cretaceous carbonates. The Parker-269 rig has been contracted to drill the well. Civil construction works for the well pad and camp are now underway, and the well is on track to spud in H1 2020.
Unrisked gross mean resources at Qara Dagh are currently estimated by Genel at c.200 MMbbls.
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